공시 • Dec 27
Computer Task Group Files Form 15 Computer Task Group, Incorporated has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Common Stock was $0.01 per share. New Risk • Aug 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.009 loss per share (vs US$0.14 profit in 2Q 2022) Second quarter 2023 results: US$0.009 loss per share (down from US$0.14 profit in 2Q 2022). Revenue: US$74.6m (down 9.9% from 2Q 2022). Net loss: US$130.0k (down 106% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. 공시 • Aug 03
Computer Task Group, Incorporated to Report Q2, 2023 Results on Aug 09, 2023 Computer Task Group, Incorporated announced that they will report Q2, 2023 results Pre-Market on Aug 09, 2023 공시 • Jul 24
Computer Task Group, Incorporated, Annual General Meeting, Dec 19, 2023 Computer Task Group, Incorporated, Annual General Meeting, Dec 19, 2023, at 10:00 US Eastern Standard Time. Location: Company’s headquarters at 300 Corporate Parkway, Suite 214N Amherst New York United States Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.70, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the IT industry in Germany. Total returns to shareholders of 69% over the past three years. 공시 • May 10
Computer Task Group, Incorporated Provides Earnings Guidance for the 2023 Computer Task Group, Incorporated provided earnings guidance for the 2023. For the year, the company expects Revenue of $310 million to $340 million. IT Solutions and Services Revenue $265 million to $285 million and GAAP diluted EPS of $0.34 to $0.42. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$0.021 (vs US$0.16 in 1Q 2022) First quarter 2023 results: EPS: US$0.021 (down from US$0.16 in 1Q 2022). Revenue: US$78.2m (down 13% from 1Q 2022). Net income: US$315.0k (down 86% from 1Q 2022). Profit margin: 0.4% (down from 2.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$0.46 (vs US$0.99 in FY 2021) Full year 2022 results: EPS: US$0.46 (down from US$0.99 in FY 2021). Revenue: US$325.1m (down 17% from FY 2021). Net income: US$6.61m (down 52% from FY 2021). Profit margin: 2.0% (down from 3.5% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. 공시 • Feb 10
Computer Task Group, Incorporated to Report Q4, 2022 Results on Feb 23, 2023 Computer Task Group, Incorporated announced that they will report Q4, 2022 results Pre-Market on Feb 23, 2023 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 15% share price gain to €7.25, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the IT industry in Germany. Total returns to shareholders of 52% over the past three years. 공시 • Dec 06
Computer Task Group, Incorporated Announces Addition of Herman Kalra as Chief People Officer Computer Task Group, Incorporated announced the addition of Herman Kalra as the Company’s new Chief People Officer (CPO). He joins the Executive Leadership team as a Vice President and will report to Filip Gydé, CTG President and CEO. As CPO, Mr. Kalra assumes executive responsibility for strategic and operational leadership for all areas of the global people organization, including organizational design, talent acquisition, compensation and benefits, learning and career development, employee experience and engagement, culture, diversity, equity, and inclusion. He will focus on building a high-caliber, scalable people organization while continuing to drive a high-performance culture. Mr. Kalra has more than two decades of human resources and talent acquisition experience, with previous responsibility for people organizations across the Americas, Western Europe, and India. Most recently, he was Head of Human Resources, America’s at Orion Innovation (Orion), a digital transformation and product development services firm. In this capacity, Mr. Kalra oversaw all leadership and sales hiring, performance management, employee relations, compensation and benefits, organizational development, and merger and acquisition integration for Orion’s Americas operations. Before Orion, he established his reputation as a human resource leader at technology companies experiencing tremendous growth and change, including Capgemini and LTI. 공시 • Nov 22
Computer Task Group, Incorporated Announces Changes in European Executive Leadership Computer Task Group, Incorporated (CTG) announced Rnald Wauthier, Senior Vice President of Europe, is immediately stepping down from his position. The Company has appointed Bob Daelman, the current Vice President of Belgium and the United Kingdom and Managing Director of Belgium, as his successor. Under Mr. Wauthier's leadership, CTG Europe achieved many notable accomplishments, including: //st Completing three acquisitionsTech-IT, Soft Company, and StarDustenhancing capabilities, adding talent, and driving CTG's expansion into France Measurably growing the Company's Luxembourg business from a small group of individuals to the current team of over 650 professionals Achieving Great Place to Work certifications for all European areas of operation and the coveted recognition as a Best Place to Work in Belgium, Luxembourg, and the United Kingdom in 2022 Bob Daelman succeeds Mr. Wauthier and assumes the Senior Vice President of European Operations position, effective immediately. He has over 30 years of technology and IT solutions and services experience, includingover 20 years at CTG in increasingly responsible sales and leadership roles. As Senior Vice President, Mr. Daelman assumes executive responsibility for the strategic and operational eadership of CTG's European operations and will continue in his capacity as Managing Director of Belgium. He will lead the Company's European operations to develop, evolve, and drive the Company's digital IT solutions and services go-to-market strategy. Mr. Daelman joins the Company's executive leadership team and will report to Filip Gyd. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: US$0.076 (vs US$0.12 in 3Q 2021) Third quarter 2022 results: EPS: US$0.076 (down from US$0.12 in 3Q 2021). Revenue: US$75.0m (down 17% from 3Q 2021). Net income: US$1.10m (down 34% from 3Q 2021). Profit margin: 1.5% (down from 1.8% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. 공시 • Oct 26
Computer Task Group, Incorporated to Report Q3, 2022 Results on Nov 08, 2022 Computer Task Group, Incorporated announced that they will report Q3, 2022 results Pre-Market on Nov 08, 2022 공시 • Oct 01
Computer Task Group, Incorporated (NasdaqGS:CTG) acquired Eleviant Technologies, Inc. for $18.6 million. Computer Task Group, Incorporated (NasdaqGS:CTG) acquired Eleviant Technologies, Inc. for $18.6 million on September 29, 2022. The consideration is segregated in approximately $17.4 million in cash and the remainder of which was paid in CTG common stock equal to approximately $1.2 million and an Earnout of $5 million. The Initial Purchase Price is subject to adjustment
Computer Task Group, Incorporated (NasdaqGS:CTG) completed the acquisition of Eleviant Technologies, Inc. on September 29, 2022. 공시 • Aug 18
Computer Task Group, Incorporated, Annual General Meeting, Sep 20, 2022 Computer Task Group, Incorporated, Annual General Meeting, Sep 20, 2022, at 13:00 US Eastern Standard Time. Agenda: To elect two members to the Board of Directors, whose terms are described in the proxy statement; to approve, in an advisory and non-binding vote, the compensation of the Company's named executive officers; To ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the 2022 fiscal year; and to discuss other matters. 공시 • Aug 06
Computer Task Group, Incorporated Provides Annual Revenue Guidance for 2022 Computer Task Group, Incorporated provided annual revenue guidance and now expect revenue for 2022 to range from $330 million to $350 million also expect that lower revenue will be offset in part by improving operating margins and will result in 2022 GAAP diluted earnings per share ranging from $0.48 to $0.58 and non-GAAP diluted earnings per share ranging from $0.53 to $0.63. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.14 (vs US$0.13 in 2Q 2021) Second quarter 2022 results: EPS: US$0.14 (up from US$0.13 in 2Q 2021). Revenue: US$82.8m (down 10% from 2Q 2021). Net income: US$2.04m (up 11% from 2Q 2021). Profit margin: 2.5% (up from 2.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 2.7%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. 공시 • Jul 22
Computer Task Group, Incorporated to Report Q2, 2022 Results on Aug 04, 2022 Computer Task Group, Incorporated announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Aug 04, 2022 공시 • May 12
CTG Revises Earnings Guidance for the Year 2022 CTG revised earnings guidance for the year 2022. As a result, are reducing revenue guidance by $15 million solely due to foreign currency exchange. The company now expect revenue to range from $360 million to $380 million, which includes a reduction of $25 million to $35 million from the disengagement from Non-Strategic Technology Services. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: US$0.16 (vs US$0.11 in 1Q 2021) First quarter 2022 results: EPS: US$0.16 (up from US$0.11 in 1Q 2021). Revenue: US$89.4m (down 7.9% from 1Q 2021). Net income: US$2.24m (up 49% from 1Q 2021). Profit margin: 2.5% (up from 1.6% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 3.2%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.99 (up from US$0.56 in FY 2020). Revenue: US$392.3m (up 7.2% from FY 2020). Net income: US$13.7m (up 80% from FY 2020). Profit margin: 3.5% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. 공시 • Feb 24
Computer Task Group, Incorporated Provides Earnings Guidance for the Year 2022 Computer Task Group, Incorporated provided earnings guidance for the year 2022. For the year 2022, the company expects revenue in the range of $375 million to $395 million. The company expects its quarterly performance throughout 2022 to be uneven due to engagement timing, and after a slower start to the year, expects results to improve throughout the year. 공시 • Feb 09
Computer Task Group, Incorporated to Report Q4, 2021 Results on Feb 22, 2022 Computer Task Group, Incorporated announced that they will report Q4, 2021 results Pre-Market on Feb 22, 2022 Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 22% share price gain to €8.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 31x in the IT industry in Germany. Total returns to shareholders of 138% over the past three years. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS US$0.12 (vs US$0.21 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$90.6m (up 2.2% from 3Q 2020). Net income: US$1.67m (down 41% from 3Q 2020). Profit margin: 1.8% (down from 3.2% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Executive Departure • Sep 21
Non-Executive Chairman & Lead Independent Director Daniel Sullivan has left the company On the 16th of September, Daniel Sullivan's tenure as Non-Executive Chairman & Lead Independent Director ended. As of June 2021, Daniel still personally held 351.51k shares (€2.8m worth at the time). Daniel is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.42 years. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$0.13 (vs US$0.13 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: US$92.2m (up 3.4% from 2Q 2020). Net income: US$1.83m (up 4.2% from 2Q 2020). Profit margin: 2.0% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. 공시 • Apr 30
Computer Task Group, Incorporated Does Not Provide Earnings Guidance for 2021 Computer Task Group, Incorporated does not provide earnings guidance for 2021. For the year, the company continued global impact of the COVID-19 pandemic and reduced visibility on company’s end markets and clients, the Company is not providing guidance for 2021 at this time. However, the Company continues to expect solid revenue growth and an increasing mix of Solutions revenue, partially offset by ongoing selective disengagement from lower margin Staffing business. 공시 • Feb 24
Computer Task Group, Incorporated Not to Provide Guidance for the Year 2021 Computer Task Group, Incorporated not provide guidance for the year 2021. Given the continued global impact of the COVID-19 pandemic and reduced visibility on CTG’s end markets and clients, the Company is not providing guidance for 2021 at this time. However, the Company expects solid revenue growth driven by a greater percentage of Solutions revenue offset by the continued disengagement from lower margin Staffing business. Is New 90 Day High Low • Feb 18
New 90-day high: €6.20 The company is up 12% from its price of €5.55 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is flat over the same period. 공시 • Feb 10
Computer Task Group, Incorporated to Report Q4, 2020 Results on Feb 23, 2021 Computer Task Group, Incorporated announced that they will report Q4, 2020 results Pre-Market on Feb 23, 2021 공시 • Dec 23
Computer Task Group Inc Announces Board Changes COMPUTER TASK GROUP INC appointed Digital Strategies Executive, Raj Rajgopal, to Board - of Directors effective December 20, 2020. As a result of Rajgopal's appointment, the CTG Board will temporarily expand to seven directors until CTG's 2021 Annual Meeting, at which time Dan Sullivan will step down as a result of reaching the Company's mandatory retirement age. Recent Insider Transactions • Nov 17
Independent Director recently bought €53k worth of stock On the 13th of November, James Helvey bought around 10k shares on-market at roughly €5.29 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. 공시 • Nov 13
Computer Task Group, Incorporated Announces Retirement of Daniel J. Sullivan as Director On November 10, 2020, consistent with the retirement age guidelines of the Board of Directors of Computer Task Group, Incorporated, Daniel J. Sullivan informed the Board of his decision to retire as a Director and Chairman of the Board, effective as of the conclusion of the 2021 Annual Meeting of Shareholders anticipated to be held on September 16, 2021. Is New 90 Day High Low • Nov 10
New 90-day high: €4.90 The company is up 23% from its price of €4.00 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 24% over the same period. Valuation Update With 7 Day Price Move • Oct 27
Market bids up stock over the past week After last week's 16% share price gain to US$4.88, the stock is trading at a trailing P/E ratio of 10.8x, up from the previous P/E ratio of 9.3x. This compares to an average P/E of 26x in the IT industry in Germany. Total returns to shareholders over the past three years are 14%. Is New 90 Day High Low • Oct 22
New 90-day high: €4.74 The company is up 16% from its price of €4.08 on 24 July 2020. The German market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 19% over the same period. 공시 • Oct 14
Computer Task Group, Incorporated to Report Q3, 2020 Results on Oct 20, 2020 Computer Task Group, Incorporated announced that they will report Q3, 2020 results at 9:00 AM, Eastern Standard Time on Oct 20, 2020 공시 • Oct 06
CRG Announces Executive Changes CTG announced that Bob Daelman, Guido Helsloot and Rénald Wauthier, have each been named vice president. Bob Daelman will assume executive responsibility for all CTG operations in Belgium and the United Kingdom in his new role as well as the for the associated growth strategy. Guido Helsloot will have executive responsibility for all European business-related finance, administration, quality, and compliance functions. He will also oversee European IT and legal functions. Rénald Wauthier has been appointed a CTG Vice President and will have executive responsibility for the growth strategy and all CTG operations in Luxembourg, including the Tech-IT business, as well as in France. 공시 • Jul 22
Computer Task Group, Incorporated Not Provides Updated Guidance for the Full Year 2020 Given the continued impact of the COVID-19 pandemic on CTG’s end markets, Computer Task Group, Incorporated is not providing updated guidance for the full year 2020. 공시 • Jul 10
Computer Task Group, Incorporated to Report Q2, 2020 Results on Jul 21, 2020 Computer Task Group, Incorporated announced that they will report Q2, 2020 results on Jul 21, 2020